Announced
Financials
Tags
Majority
Private
aftermarket services
Friendly
Private Equity
Acquisition
electric motor repair
United States
Single Bidder
Pending
Auto Services
Domestic
Synopsis
Searchlight Capital, a private investment firm, agreed to acquire a majority stake in Integrated Power Services, a provider of electric motor and generator service, form Odyssey Investment, a private equity investment firm. Financial terms were not disclosed. “The diverse and highly re-occurring nature of IPS’ customer base illustrates the differentiated service quality that the Company is able to provide its customers. With a proven management team and a superior customer value proposition, IPS has an exciting opportunity to continue its strong growth trajectory in a fragmented market," Eric Zinterhofer, Searchlight Founding Partner.
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